British oil and gas group Serica Energy has rejected a merger proposal valuing it at 1.04 billion pounds ($1.23 billion) from energy investment firm Kistos, which is looking to strengthen its foothold in the North Sea...
Brazil’s Petrobras starts sale of stake in UEG Araucaria
Brazilian state-run oil company Petrobras started the non-binding phase of the sale of its 18.8% stake in electricity distributor UEG Araucaria SA, it said in a securities filing. UEG Araucaria, a joint venture between...
Apollo, Blackstone seek buyers for Canadian oil producer Ridgeback – sources
Apollo Global Management Inc and the credit arm of Blackstone Group Inc are looking to sell Canadian oil and gas producer Ridgeback Resources for more than C$1 billion ($765.58 million), four sources familiar with the...
Exxon, Imperial to sell Canada shale assets to Whitecap for $1.5 billion
U.S. oil major Exxon Mobil Corp and Imperial Oil Ltd said they will sell their Montney and Duvernay shale oil and gas assets in Canada to Whitecap Resources Inc for C$1.9 billion ($1.48 billion). Exxon and Imperial...
Brazil’s Petrobras to sell deepwater assets to BW Energy for up to $75 mln
Brazilian oil company Petrobras’ management approved the sale of its entire stake in the Golfinho and Camarupim deepwater oil fields for up to $75 million to Norway’s BW Energy Ltd. The sale is part of...
Berkshire Hathaway buys 9.6 mln more Occidental shares, raises stake to over 16%
Warren Buffett’s Berkshire Hathaway Inc bought another 9.6 million shares of Occidental Petroleum Corp, boosting its stake to 16.3% as the oil company’s shares come off the year’s high. The purchases...
Brazil’s regulator approves Petrobras sale of Gaspetro stake
Brazil’s antitrust watchdog on Wednesday approved the sale of state-run oil firm Petrobras’ 51% stake in gas company Gaspetro with no restrictions. Petrobras is selling the stake to Compass, which is...
Targa to boost Permian natgas footprint with $3.55 bln Lucid Energy deal
Oil and gas infrastructure company Targa Resources agreed to buy natural gas processor Lucid Energy Group for $3.55 billion in cash, using the financial benefits of high commodity prices to boost its presence in the...
Cenovus to buy remaining 50% stake in Canada’s Sunrise oil sands from BP
Cenovus Energy Inc said it would buy British oil major BP Plc’s 50% stake in the Sunrise oil sands project in northern Alberta, as the Canadian energy company strengthens its position in the oil sands industry...
Why govt is not sure about the BPCL stake sale this year
The government is unlikely to restart the disinvestment process for Bharat Petroleum Corp. Ltd (BPCL) this year because of the stock market volatility and soaring energy prices, senior officials said. “We’re not sure...
Devon to buy RimRock’s Williston basin assets for $865 mln
Devon Energy Corp said it would acquire the leasehold interest and related assets of RimRock Oil and Gas LP in the Williston Basin in North Dakota for $865 million. RimRock is a portfolio company of funds managed by U.S...
Impact Oil & Gas prepares to sell stake in Namibian offshore block
Impact Oil & Gas is considering selling its 20% stake in a large block in deep water off the coast of Namibia where TotalEnergies made a significant oil discovery this year, four industry sources told Reuters...
